Jx luxventure closes the sale of menswear business for us$10,000,000

Haikou, china , oct. 19, 2022 /prnewswire/ -- jx luxventure limited (nasdaq: jxjt) (the "company"), a company delivering comprehensive products solutions to global high-net-worth families serviced by our business customers with business segments covering tourism, duty-free cross-border merchandise, ecommerce and b2b saas solutions, announced that today, on october 19, 2022, the company entered into and executed a stock purchase agreement (the "agreement") with shenzhen zhongjiyingfeng investment co., ltd. ("purchaser") and, pursuant to the terms of the agreement, consummated the sale of its 100% ownership in hongri international holding limited ("hongri"), a wholly-owned subsidiary of the company through which the company operated its menswear business segment, to the purchaser for a total amount of us$10,000,000 (the "transaction").
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